Insured event - damage to the property interests of the Insured / Beneficiary, as a result of causing direct physical damage, loss, or destruction of the insured property, resulting in losses for the Insured / Beneficiary, which occurred directly from the risks specified in the insurance contract during the insurance period. Insured event - an event specified in the Insurance Contract, upon the occurrence of which the Insurer has an obligation to make an insurance payment.